https://www.taxtmi.com/caselaws?id=262013 The Tribunal ruled in favor of the assessee, setting aside the transfer pricing adjustment related to interest receivable on a loan advanced. Emphasizing the use of the Comparable Uncontrolled Price method and the actual interest paid by the assessee at 9%, the Tribunal rejected the proposed adjustment based on a hypothetical default scenario. By focusing on factual transactions over hypothetical scenarios, the Tribunal ordered the deletion of the addition, partially allowing the appeal and highlighting the importance of determining the arm's length price based on actual transactions. en-us Thu, 22 Jan 2015 00:00:00 +0530 Thu, 30 Jul 2015 09:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262013 The Tribunal ruled in favor of the assessee, setting aside the transfer pricing adjustment related to interest receivable on a loan advanced. Emphasizing the use of the Comparable Uncontrolled Price method and the actual interest paid by the assessee at 9%, the Tribunal rejected the proposed adjustment based on a hypothetical default scenario. By focusing on factual transactions over hypothetical scenarios, the Tribunal ordered the deletion of the addition, partially allowing the appeal and highlighting the importance of determining the arm's length price based on actual transactions. Case-Laws Income Tax Thu, 22 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262013